Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.
Metro Council — Livable Communities ↗Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.
HUD — LIHTC Qualified Census Tracts ↗Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.
HUD — LIHTC Qualified Census Tracts ↗Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.
Metro Council — Livable Communities ↗Signals are based on public datasets; program eligibility requires verification.
7 permits on record since 2017 · $575K total declared value · Most recent: Aug 2023 (existres)
MESPO HEATING AND COOLING INC
AVALON CONSTRUCTION
Damyan's Heating and Cooling LLC
ST PANTELEIMON GREEK ORT CH
M & M PLUMBING
Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.
Prospect Park - East River Road · Minneapolis
ACS rents reflect current tenant leases and may differ from new market rents.
Source: 2022 ACS 5-Year Estimates · Census Tract 1256
Zip code 55414
Source: Redfin Data Center (Invalid Date) · Zip 55414
Urban Neighborhood 2 — moderate-density residential
Front Street
On corner lots, the selected street determines which setbacks apply to each side.
Setbacks
Estimated Buildable Footprint
Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.
Land value unavailable — feasibility estimate requires an assessed land value to calculate total development cost.
| Address | Owner | Class | Assessed Value | Distance |
|---|---|---|---|---|
| 142 EMERALD ST S E MINNEAPOLIS MN 55414 | BZ PROPERTIES LLC | APARTMENT | $534,600 | 81 ft |
| 146 EMERALD ST S E MINNEAPOLIS MN 55414 | JOSEPH IPPOLITO | APARTMENT | $484,000 | 131 ft |
| 135 BEDFORD ST S E MINNEAPOLIS MN 55414 | RUTH FEN | TRIPLEX | $548,100 | 135 ft |
| 129 BEDFORD ST S E MINNEAPOLIS MN 55414 | MANISH R PATEL LIVING TRUST | RESIDENTIAL | $554,500 | 142 ft |
| 141 BEDFORD ST S E MINNEAPOLIS MN 55414 | FRANK H WOOD ETAL | RESIDENTIAL | $439,600 | 143 ft |
| 143 BEDFORD ST S E MINNEAPOLIS MN 55414 | T STENLUND & M MATERNOSKI | RESIDENTIAL | $330,200 | 163 ft |
| 127 BEDFORD ST S E MINNEAPOLIS MN 55414 | J C NYBERG & K A NYBERG | RESIDENTIAL | $495,900 | 181 ft |
| 150 EMERALD ST S E MINNEAPOLIS MN 55414 | NICHOLAS GEORGE STOCKING | RESIDENTIAL-TWO UNIT | $403,500 | 181 ft |
| 145 BEDFORD ST S E MINNEAPOLIS MN 55414 | S MCALLISTER & L A HAYDEN | RESIDENTIAL-TWO UNIT | $465,200 | 194 ft |
| 123 BEDFORD ST S E MINNEAPOLIS MN 55414 | SABRINA KO & WEI CHEN | RESIDENTIAL | $303,000 | 223 ft |
Current Tax Year